PROFIT warnings for the three months to March 31 continued to roll in on Wednesday, with at least three posted as at 10.30pm.
Electronics firm Serial System said in a Singapore Exchange filing Wednesday night that it expected to make a loss for its first quarter ended March 31, without elaboration.
King Wan Corporation, a building services provider, said that it expects a loss for both its fourth quarter and full year ended March 31, citing "impairment to the value of available-for-sale investments held in Thailand" and "allowance for loans made to an associate dealing in property development" in China.
Commodities group Global Palm Resources said that it expects to post a net profit after tax that "will be substantially lower" from the year-ago period, pointing to a "decrease in the sales revenue and the average selling price of crude palm oil and palm kernel".